Orocrypt

Orocrypt is a Panamanian-based company that will issue tokenized precious metals. Tokens will be backed by securely stored and audited precious metals, convertible on demand, and easily tradable. Tokens are secured on the Ethereum blockchain and will be compatible with all Ethereum wallets. They can be bought or sold instantly and seamlessly. Orocrypt will launch gold-backed tokens, each representing 30 g of LBMA compliant bullion gold. In the future, we will expand to Silver, Platinum and bespoke tokens

About

Secured on the Ethereum blockchain and compatible with all
Ethereum wallets; our 14th of June crowdsale of 500,000 OROC tokens
represents 45% of the total equity for nine euros per OROC.
Orocrypt is a Panamanian-based company that will create a crypto
alternative as proof of ownership of precious metals. After the
ICO, if the minimum capital is raised, Orocrypt will present the
Gold token: the first product of the company, which will represent
the ownership of 30 grams of LBMA-quality gold and will be looking
to expand to Silver, Platinum and bespoke tokens in the future. Our
gold-tokens will be backed up, securely stored and audited. They
can be convertible into gold on demand and as well compatible with
all Ethereum wallets.

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Orocrypt is an asset digitisation company that aims to introduce
an easier and more secure alternative to precious metals ownership.
We are currently focusing on issuing tokenised precious metals
Tokens will be backed by securely stored and audited precious
metals, convertible on demand, and easily tradable. Tokens are
secured on the Ethereum blockchain and will be compatible with all
Ethereum wallets. They can be bought or sold instantly and
seamlessly. Orocrypt does not have any control, nor can exercise
control over who buys the tokens from our registered clients. We
will only be involved if someone purchases tokens directly from us
or decides to redeem their physical gold, therefore the tokens can
be freely traded in exchanges or directly P2P. Orocrypt will first
launch gold-backed tokens, each representing 30 g of LBMA compliant
bullion gold. In the future, we will expand to Silver, Platinum and
bespoken tokens of digitised assets.

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Token

These tokens represent Common shares in Orocrypt Inc. These are
not redeemable for shares—they are shares today. The
Superintendencia del Mercado de Valores of Panama has been informed
about this share-tokens sale. Like any company common shares, they
entitle holders to dividends, rights to vote, and rights to payout
in case of acquisition or sale. Orocrypt has a fiduciary duty to
token holders. Orocrypt plans to issue tokenized precious metal,
starting with gold in Q3 of 2017. ​Orocrypt will charge a 1%
commission fee over gold spot price on all sales of one token or
more and a .04 % transfer fee when they are transferred between
wallets. Fees for less than one Token will be: 5% for purchases
between 0.9 and ½ token and 10% for purchases between ½ and 0.1
Token.

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Features

- Aims to provide an alternative method of recording precious
metals ownership that is simple, liquid,
secure and transparent
- ERC20 tokens represents the ownership of 30 grams of LBMA-quality
gold, holders will be able to
convert them into physical gold through a transparent redemption
procedure
- Gold will be stored and insured at the following vaults: OZL AG,
Liechtenstein; Swiss Gold Safe AG, Zurich and Hong Kong; Byzantium
International Ltd. Cayman Islands
- The bullion held at the Swiss and Liechtenstein vaults will be
inspected monthly by Société Générale de Surveillance SA

DISCLAIMER & RISK WARNING

This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.

If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.